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Gaming conglomerate Embracer Group might sell the studio behind Borderlands
A screenshot from the game Borderlands 3. | Image: Gearbox Software
Embracer Group is reportedly looking at selling off Gearbox Entertainment, the maker of Borderlands, as the gaming conglomerate searches for ways to make money following the collapse of a major funding deal earlier this year. Reuters reports that Embracer is already shopping the studio around but warned that “a deal may not happen.”
This is the latest dip in the rollercoaster ride that has been Embracer’s last few years. The company has pieced together an immense gaming and entertainment portfolio through a nonstop series of acquisitions, which has brought together the comics group Dark Horse, Tomb Raider maker Crystal Dynamics, and franchising rights to The Lord of the Rings and The Hobbit, among other properties.
by #AI September 11, 2023 · Automatic
